diff --git a/channels/iax2-parser.c b/channels/iax2-parser.c
index 55c363f66c..010c850563 100644
--- a/channels/iax2-parser.c
+++ b/channels/iax2-parser.c
@@ -999,7 +999,7 @@ struct iax_frame *iax_frame_new(int direction, int datalen, unsigned int cacheab
 
 #if !defined(LOW_MEMORY)
 	struct iax_frames *iax_frames = NULL;
-	struct iax_frame *smallest;
+	struct iax_frame *smallest = NULL;
 
 	/* Attempt to get a frame from this thread's cache */
 	if ((iax_frames = ast_threadstorage_get(&frame_cache, sizeof(*iax_frames)))) {